White Coat Investor Podcast

Dr. Matt Morgan, a radiologist and friend of Dr. Dahle, took a bold year-long sabbatical to embrace intentional living. He shares insights on prioritizing personal experiences over financial success, inspired by the book 'Die With Zero.' From enriching family travels through New Zealand and Europe to discussing challenges of balancing work and family time, Matt highlights how meaningful adventures fueled his growth. He also offers practical tips for those contemplating a similar life shift, emphasizing fulfillment beyond traditional career paths.

Listen to an inspiring story of a CRNA who became a millionaire in retirement savings after 18 years of hard work. She emphasizes the importance of self-advocacy for fair pay and spending aligned with personal values. The discussion also covers essential financial strategies, such as managing debt, effective budgeting, and smart investments. Plus, uncover valuable tax strategies to minimize liabilities and boost your net worth. This journey into financial empowerment is packed with practical advice for anyone aiming for financial freedom.

Explore the differences between Roth and Traditional IRAs and how they can benefit your kids. Learn about the essential considerations when switching your business 401(k) plan administrator. Get tips on what to do if you accidentally over-contribute to your 401(k). Discover financial wisdom from basketball players on managing high incomes and the importance of living within your means. Plus, delve into how kids can become entrepreneurs and the tax responsibilities that come with it.

An ophthalmologist shares his inspiring journey of overcoming financial mistakes, including parting ways with a costly advisor and dropping an overpriced policy. He emphasizes the importance of self-forgiveness and financial literacy in managing student loans and making informed financial choices. The conversation also delves into the significance of career longevity in healthcare, highlighting the need for balance between patient care, personal well-being, and sound financial planning for sustained success.

Dr. Rob Orman, an emergency medicine physician and coach, discusses vital strategies for navigating the challenges of burnout in the medical field. He highlights the transformative power of mindset and the importance of aligning personal values with career choices. Rob shares insights on the financial risks associated with burnout and provides guidance on effective financial planning for physicians. The conversation also touches upon the integration of side gigs into a medical career, emphasizing their potential to enhance both professional fulfillment and longevity.

In this episode, Dr. Dolly, a physician navigating the complexities of finance while raising young kids in NYC, shares her inspiring journey of overcoming nearly $1 million in student loans. The couple emphasizes the significance of knowing what truly matters to them, like prioritizing travel over a high-end apartment. They also discuss the financial challenges of parenting in a big city, from childcare costs to establishing teamwork in financial decision-making. Additionally, they touch on the intricacies of physician mortgages, offering valuable insights for fellow doctors.

The discussion kicks off with strategies for dealing with toxic workplaces and the importance of avoiding burnout to ensure career longevity. Real estate queries come into play, covering the intricacies of the 1031 exchange and whether to let home builders manage construction loans. Additionally, listeners gain insights on effective real estate investment approaches and financial planning for new home builds. The emphasis is on making informed decisions to enhance both personal well-being and financial health in a high-stress profession.

A dentist shares insights from his journey completing an HPSP contract, discussing both the ups and downs while celebrating his financial success. He reveals personal growth and unique experiences in military dentistry. The conversation then shifts to the essentials of credit scores, comparing them to an adult GPA and clarifying common myths. Listeners learn about responsible credit management and the importance of regular credit report reviews. The episode also highlights the free educational resource, Locumstory.com, for navigating locum tenens opportunities.

Dive into the world of retirement accounts, exploring the ins and outs of rolling over 401(k)s into IRAs and navigating 403(b) transitions. Discover strategies for rebalancing portfolios while addressing the nuances of non-discrimination testing for business owners. The discussion brings to light effective withdrawal strategies, emphasizing risk tolerance and the pitfalls of overly conservative approaches. Political factors and their impacts on financial planning take center stage, while listeners receive practical advice on managing taxable accounts and student loans.

Today we are talking with a 4th year med student who is graduating medical school with a positive net worth. He and his spouse are financially educated and have worked hard to prepare, save money, and use what they have wisely. His spouse has a great job and they had a windfall that both helped make a big difference in their financial life. He shared the wise words that lucky circumstances won't do much for you if you are not prepared to act. For finance 101 we are talking about buying a house during residency. With Weatherby Healthcare, you choose your own healthcare career path. Our locums experts then support you every step of the way, helping you find the right opportunities at the right times. We understand your professional and personal goals, and are experts at helping you achieve them. Let's keep your career interesting with new locations and settings, and diverse patients and cases. And, just as importantly, let's make sure you get more free time for your hobbies… or to just relax. We'll help you find that balance. With more jobs in more locations, Weatherby gets you where you want to go. www.whitecoatinvestor.com/weatherby The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones Main Website: https://www.whitecoatinvestor.com Student Loan Advice: https://studentloanadvice.com YouTube: https://www.whitecoatinvestor.com/youtube Facebook: https://www.facebook.com/thewhitecoatinvestor Twitter: https://twitter.com/WCInvestor Instagram: https://www.instagram.com/thewhitecoatinvestor Subreddit: https://www.reddit.com/r/whitecoatinvestor Online Courses: https://whitecoatinvestor.teachable.com Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter